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S&P 500 companies that maintained their diversity, equity and inclusion commitments performed as well as or better than their peers that rolled back DEI commitments in the face of political pressure, University of California, Berkeley public policy scholar Jacob Grumbach posited in a recently published report.
Grumbach determined the health of the companies by looking at both company revenue and abnormal stock returns to measure company performance relative to the broader market trends. Both metrics indicated that organizations that retained DEI programs performed as well as or better than their competitors.
These findings come contrary to the current corporate logic du jour, which maintains that DEI programming presents a legal risk under the current presidential administration.
"Markets Do Not Punish Firms for Maintaining DEI," published on Aug. 14, highlighted the performance of companies such as Apple, Cisco, Costco, Delta Airlines, Dollar Tree, JPMorgan Chase, Microsoft and Pfizer, which maintained their DEI commitments — compared to companies such as Citigroup, Dollar General, IBM, Target and Walmart, which all scaled back.
#dollar
S&P 500 companies that maintained their diversity, equity and inclusion commitments performed as well as or better than their peers that rolled back DEI commitments in the face of political pressure, University of California, Berkeley public policy scholar Jacob Grumbach posited in a recently published report.
Grumbach determined the health of the companies by looking at both company revenue and abnormal stock returns to measure company performance relative to the broader market trends. Both metrics indicated that organizations that retained DEI programs performed as well as or better than their competitors.
These findings come contrary to the current corporate logic du jour, which maintains that DEI programming presents a legal risk under the current presidential administration.
"Markets Do Not Punish Firms for Maintaining DEI," published on Aug. 14, highlighted the performance of companies such as Apple, Cisco, Costco, Delta Airlines, Dollar Tree, JPMorgan Chase, Microsoft and Pfizer, which maintained their DEI commitments — compared to companies such as Citigroup, Dollar General, IBM, Target and Walmart, which all scaled back.
#dollar
2 months ago
